Finance News: Latest Financial News, Finance News today in Bangladesh

Refiners raise soybean, palm oil prices amid confusion over approval

The country's edible oil refiners on Monday increased the retail price of bottled soybean oil by Tk 6.0 per litre, setting the new rate at Tk 195. Prices for loose soybean oil and palm oil have also risen by Tk 3.0 and Tk 13 per litre respectively.The Bangladesh Vegetable Oil...

Cox's Bazar Airport gets international status

The government has officially declared the Cox's Bazar Airport an international airport through a gazette notification issued by the Ministry of Civil Aviation and Tourism (MoCAT).According to the notification issued on Sunday night, the declaration was made under Sub-rule (1) of Rule 16 of the Civil Aviation Rules, 1984, and...

Prime Bank partners with Anwar Landmark

Prime Bank PLC has entered into a strategic partnership with Anwar Landmark Limited, a reputed real estate developer, to offer exclusive discounts on flat purchases for its valued customers. A formal signing ceremony marking this collaboration was held at Prime Bank's Corporate Office in Gulshan recently.Under this agreement, Prime Bank...

Fishing ban deals impoverished fishermen a devastating blow

A staggering 56 percent of the small-scale fishermen remain excluded from the government aid during the ban on fishing forcing 70 percent of them to take informal and exploitative loans, said a new study on Monday.The situation often compels members of the marginalised community to fish illegally for survival, it...

World Standards Day today --

World Standards Day will be observed in Bangladesh on Tuesday, in line with the global initiative to raise awareness about the importance of quality in products and services.The theme of this year's World Standards Day is "A Shared Vision for a Better World." In keeping with this theme, Bangladesh, like...

AL-ARAFAH ISLAMI BANK SIGNS AGREEMENT WITH ACI GODREJ AGROVET

Al Arafah Islami Bank, a leading Sharia-compliant bank, has signed a Memorandum of Understanding (MoU) with ACI Godrej Agrovet Private Limited. Under the agreement, ACI Godrej will collect sales prices from its distributors through the bank's branches, sub-branches and other distribution channels, connected through an Application Programming Interface (API). Deputy...

Chinese food and beverage firms flock to Singapore for expansion

SINGAPORE, Oct 13 (Reuters): A record number of Chinese restaurants and cafes have flooded Singapore over the past year, using the island as a test bed for global expansion as they escape pallid consumer demand, extreme price competition and super-squeezed profit margins back home.Well-known firms such as Luckin Coffee and...